The rodenticides market size is projected to reach USD 7.7 billion by 2029 from USD 5.8 billion by 2024, at a CAGR of 5.9% during the forecast period in terms of value. The occurrence of rodent infestations across diverse environments, encompassing urban, agricultural, and industrial landscapes, impacts the demand for rodenticides. Variables like climate change, urbanization, and alterations in land use patterns can influence rodent populations, resulting in fluctuations in pest pressure and necessitating the use of rodenticide solutions.

Rodenticides Market Opportunities: Increase in demand for rodent pest control services from the hospitality and tourism sectors

The increasing demand for maintenance services aimed at managing rodent pests and minimizing potential damages is being driven by a growing interest in recreational activities, which is expected to propel the rodenticide market forward. Various sectors such as entertainment, warehouses, construction, food service, pharmaceuticals, and hospitality are pivotal in stimulating the need for pest control products and services, particularly in the management of rodents. Economic losses resulting from pest-related damages, especially from rodents, can have significant implications for the tourism industry. The expansion of urban hospitality and entertainment sectors, fueled by increased consumer spending power, emphasizes the necessity of effective rodent control measures to maintain aesthetic standards and ensure customer satisfaction.

According to the World Health Organization (WHO), urban pests pose considerable threats to public health. The rise in hospital admissions due to insect vector bites and wasp stings over the last decade underscores the critical role of pest control in protecting public health. Economic losses from diseases transmitted by pests can also impact the tourism sector. Therefore, it is crucial to evaluate the impact of pest control solutions in commercial establishments on public health, particularly in reducing microbial contamination.

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Emerging trends in the global Rodenticides Market are:

• Increased Focus on Eco-Friendly Formulations
• Shift towards Anticoagulant Rodenticides
• Integrated Pest Management (IPM) Practices
• Rise in Urbanization and Industrialization
• Technological Innovations
• Stringent Regulations
• Growing Awareness of Pest-borne Diseases

The Urban Centers segment is expected to hold the largest market share in the end use segment of the rodenticides market.

Urban environments, characterized by dense human populations, offer ample food sources and shelter for rodents. The proximity of buildings, infrastructure, and waste management systems creates optimal conditions for rodent infestations to proliferate. In urban environments, a multitude of structures, including buildings, sewers, and subway systems, serve as shelter and nesting sites for rodents. Structural imperfections such as cracks and crevices in buildings provide entry points for rodents, facilitating their access to indoor spaces and heightening the risk of infestations.

North America to dominate the rodenticides market during the forecast period.

North America hosts more than 400 species of rodents, many of which have adapted to human habitats and are deemed pests in cities, farms, and forests. Changes in climate, such as milder winters and warmer springs, have boosted the breeding and survival rates of certain rodent species, triggering outbreaks like that of house mice across the United States. The dominant share of approximately 60% in the global pest control service market is attributed to North America, encompassing the United States, Canada, and Mexico. Key players like Rollins, Inc., Rentokil Initial plc, and Ecolab lead this market segment, driven by extensive service offerings in the US and high urbanization rates in both the US and Canada. These factors have led to a rise in the use of rodenticides throughout North America.

Top Companies in the Rodenticides Market

• BASF SE (Germany)
• Bayer AG (Germany)
• Syngenta AG (Switzerland)
• UPL (India)
• Neogen Corporation Limited (US)
• Anticimex (Sweden)
• Ecoloab (US)
• Rentokil Initial, plc (UK)
• Senestech, Inc. (US)
• Rollins, Inc. (US)